Markets Right Now: Tech, industrials lead stocks higher

NEW YORK – The latest on developments in financial markets (all times local):

11:45 a.m.

Stocks are climbing as technology and industrial companies and banks lead the way following two days of broad losses.

Dollar General jumped 6 per cent Thursday after the discount retailer released a strong profit forecast for the year. Rival Dollar Tree also rose 2.5 per cent.

Mattel fell 2.9 per cent and Hasbro fell 1.2 per cent following word that Toys R Us will shut down its U.S. stores.

The S&P 500 rose 6 points, or 0.2 per cent, to 2,755.

The Dow Jones industrial average climbed 243 points, or 1 per cent, to 25,000. The Nasdaq composite inched up 12 points, or 0.2 per cent, to 7,507.

Bond prices didn’t move much. The yield on the 10-year Treasury note stayed put at 2.82 per cent.

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9:35 a.m.

U.S. stocks are slightly higher as Wall Street tries to rebound from two days of losses linked to worries about growing tensions over international trade.

Banks and energy companies both moved up Thursday. Capital One rose 1.7 per cent and Exxon Mobil gained 1.2 per cent.

Discount retailer Dollar General jumped 6 per cent after a strong yearly profit forecast, and competitor Dollar Tree added 2 per cent.

Mattel dipped 1.2 per cent and Hasbro sank 0.7 per cent as Toys R Us headed toward closing down its U.S. operations.

The S&P 500 rose 3 points, or 0.2 per cent, to 2,753.

The Dow Jones industrial average picked up 77 points, or 0.3 per cent, to 24,835. The Nasdaq composite inched up 1 point to 7,498.